'Inflation is caused by government spending'...and other myths

[CousinIT]

Talked to a relative today who insisted that inflation was caused - not by greedy corprat price-gouging (oh they'd NEVER do THAAAAT) but rather by government spending.

Yea well THAT just does not compute at all. CorpRATS are greedy, conniving, profit-at-any-cost sociopathic institutions. They are the Devil himself incorporated. They are not innocent bystanders in this.

THEN said relative repeated what they said before when the subject of Republicans abolishing Social Security (that they are living on along with Medicare) came up:

"Oh they're not going to do THAT! People won't LET them!"



AS IF Republicans give a rat's ass what people want! They are arranging things such that they DON'T NEED OUR VOTES anymore (they will just appoint themselves the winners of elections and declare any they lost as fraudulent) and have zero accountability to voters at all. So what's to stop them abolishing Social Security & Medicare?

NOTHING. And what "people" want or can even do about it will be irrelevant.

DUH. The stupid is ASTOUNDING.

[TheRealNorth]

1. Inflation is caused by prices going up.....

And that can be caused by many things. The problem is that most of our shit 10th Grade History teachers taught us that all inflation is caused by printing money like the Weimar Republic. (Funny they never mention the Confederacy).

[Midnight Writer]

2. Oil (WTI Crude) down to 78.50 today, but local gas at over $4.00.

That's not because of government spending, or supply and demand, or from rising price of commodities.

That's because the oil and gas industry are racking up their profits.

[CousinIT]

5. That's my take on it. n/t

[BrienDoesIt]

3. They literally have taking away social security and medicare in their TX GOP platform!

These people will be the reason our country gets taken to the cleaners. It sucks SO BAD.

And they'll never be able to answer WHY corporate greed is a good thing, just that it is.

[Walleye]

4. They will tell us it's because those leftists are not letting us drill "our" oil

Whenever you hear a republican say “fiscal discipline” you’re about to get screwed

[CousinIT]

6. Said relatives have complained about that too! They cussed at Biden when gas prices were high..

..."that damn Biden cut off drilling for oil and now our gas prices are high!"

IDIOTS.

There was one pipeline he halted and any oil from it would have taken years to come to market so -- NO. Same with any other drilling projects or leases.

I'm so ashamed - and frankly frightened - to be related to such STUPID people. And unfortunately, they VOTE. So I ensure that I do too!

[Walleye]

8. Maybe tell them that the oil doesn't even belong to us. It belongs to the international companies

Just because oil came out of our ground doesn’t mean we get to use it. We don’t even get dibs on it. It goes on the international market. The only way drilling more helps is it adds to the international supply.

[Zeitghost]

7. Increases in government spending

Is a cause of inflation. It's not the only way to get inflation, but considering they have control of the money supply, it's one of the easiest ways to get inflation.

Supply shortages are another way and we had both in the bast few years thanks to COVID.

[ripcord]

9. There is nothing like an unbiased post on inflation based on solid economics

And I am sure we will see one someday.

[fescuerescue]

10. Government spending doesn't cause inflation.

But government printing of money most certainly does.

Trump issued ALOT of money. Probably the biggest money dump in history. He almost double the money supply in 2020 and 2021.

That doesn't mean that corporations aren't greedy. They are raising prices to soak up all that extra money printed.

[MichMan]

11. With the approval of congress